The quarterly growth of manufacturing measured in terms of IIP has registered a decline from 7.7% in first quarter to 0.3% in the last quarter of 2011-12.

Government has already taken confidence building measures for improving the industrial climate and manufacturing in the country. Government had approved the National Manufacturing Policy (NMP) in October, 2011 with the objectives of enhancing the share of manufacturing in GDP to 25% by 2022 and creating additional 100 million jobs. One of the instruments in the NMP is the creation of National investment and Manufacturing Zones (NMZ) as planned integrated industrial townships. Nine NMZs have been announced, eight of which are along the Delhi Mumbai Industrial Corridor (DMIC). Other measures include the promotion and facilitation of industrial investment including promotion of foreign direct investment through consolidation of press notes into a single document; development of industry relevant skills, regular meetings with industry associations and stakeholders to fast track implementation of industrial projects etc.

This information was given by the Minister of State of Commerce and Industry, ShriJyotiraditya M. Scindia in a written reply in the RajyaSabha today.